Ford, Tesla report EV sales boost: Could EV demand rebound?

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Ford,Madison Mills

Ford (F) reported a 61% year-over-year increase in its second quarter electric vehicle sales, following EV giant Tesla's (TSLA) report of a higher-than...

) report of a higher-than-expected increase in second quarter vehicle deliveries. In response, Wedbush analyst Dan Ives raised his price target on Telsa to $300 per share.Giving big EV energy for it is the latest to reported second quarter results, seeing a 1% year to year rise in total sales and EV sales jumping 61%.Tesla ticking higher today after friend of the show we analyst Dan Ives raised his price target on the stock to $300 a share.

In particular, this note stood out to me from Citi, saying they recommended buying Tesla August 24th, 195 dollar calls ahead of three upcoming catalyst They list, of course, the vehicle deliveries that we just got quarterly earnings for Tesla expected coming up on July 19th.That's obviously going to be a closely watched event for investors.

So also seeing just some additional positive sentiment over the idea that those deliveries did come in better than expected. They, they absolutely are continuing to not just take market share but potentially be a market share leader for an extended period of time, too.

 

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